Who is the Guarantor that absolutely and unconditionally guarantees the duties and obligations of Beem Light Sauna?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, SEQUEL BRANDS HOLDINGS LLC, a Delaware limited liability company with a principal place of business at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 (the "Guarantor"), absolutely and unconditionally guarantees to assume the duties and obligations of BEEM FRANCHISOR LLC, a Delaware limited liability company with a principal place of business at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 (the "Franchisor"), under (a) its franchise registration in each state where the franchise is registered and (b) its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as such Franchise Agreement may be entered into with franchisees and amended, modified, or extended from time to time. This guarantee continues until (i) all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or (ii) the liability of the Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor signs this guarantee at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 on May 2, 2025.
Guarantor:
SEQUEL BRANDS HOLDINGS LLC
Name: Anthony Geisler
Title: President
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, Sequel Brands Holdings LLC guarantees the duties and obligations of Beem Franchisor LLC. The guarantee, signed on May 2, 2025, ensures that Sequel Brands Holdings LLC will fulfill the obligations of Beem Franchisor LLC under its franchise registrations and Franchise Agreements.
This guarantee remains effective until all obligations of Beem Franchisor LLC are satisfied or the liability to its franchisees is completely discharged. The guarantor is not released from liability even if a franchisee's claim against Beem Franchisor LLC is still outstanding.
This agreement is binding on Sequel Brands Holdings LLC and its successors and assigns, and notice of acceptance is waived, though the guarantor retains the right to receive notice of default on the part of the franchisor. This arrangement provides an added layer of security for franchisees, ensuring that the franchisor's duties are upheld by a separate entity.